Egypt Signs EUR 690 Million Rail Modernization Agreements (opens in new tab)

Egypt has signed four agreements worth EUR 690 million (EGP 39.48 billion) to modernize two major railway freight corridors linking industrial zones, dry ports, and seaports, according to an announcement by French rail manufacturer Alstom on Friday, 19 June. The agreements, signed between Egyptian National Railways (ENR) and a consortium led by Alstom alongside Egyptian firms Rowad Modern Engineering and Concrete Plus, will upgrade the 6th of October City–Alexandria corridor and the Belbes–10...